22/06/2011 – General Announcement
General Announcement |
Reference No OI-110622-61499 |
Submitting Merchant Bank |
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OSK INVESTMENT BANK BERHAD |
Company Name |
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CAREPLUS GROUP BERHAD (ACE Market) |
Stock Name |
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CAREPLS |
Date Announced |
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22/06/2011 |
Admission Sponsor |
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OSK Investment Bank Bhd |
Sponsor |
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Same as above |
Type |
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Announcement |
Subject |
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OTHERS |
Description |
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CAREPLUS GROUP BERHAD (“CAREPLUS” OR THE “COMPANY”)
PROPOSED JOINT VENTURE BETWEEN CAREPLUS AND DESCARPACK DESCARTAVEIS DO BRASIL LTDA., A COMPANY INCORPORATED UNDER THE LAWS OF BRAZIL, THROUGH THE EQUITY PARTICIPATION IN CAREGLOVE GLOBAL SDN BHD; AND PROPOSED REVISION IN UTILISATION OF PROCEEDS TO BE RAISED FROM THE PROPOSED PRIVATE PLACEMENT OF UP TO TWENTY PERCENT (20%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF CAREPLUS, WHICH WAS ANNOUNCED ON 28 APRIL 2011 (“PROPOSED PRIVATE PLACEMENT”) (COLLECTIVELY REFERRED HEREINAFTER AS THE “PROPOSALS”) |
Attachments |
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Appendix-1.pdf |
Announcement Details/Table Section :
This announcement should be read in conjunction with the earlier announcement made on 17 June 2011. All defined terms used in this announcement, unless the context otherwise states, shall bear the same meaning as those defined in the announcement dated 17 June 2011 in relation to the Proposals. We refer to the announcement dated 17 June 2011 in relation to the Proposals. In relation thereto, the Board wishes to clarify the following: (1) The expected completion date of development of the entire New Factory, and the expected date on which the New Factory will have 20 single-former production lines, a chlorination plant, a double-storey warehouse and cleanroom facilities and other ancillary facilities
(2) Source(s) of funding by the Careplus group for RM23 million incurred for the expansion and the additional capital commitment of approximately RM8 million, and the breakdown
This announcement is dated 22 June 2011. |